Golf Putter Market Size, Share, and Industry Analysis By Material (Stainless Steel, Aluminum, Carbon Steel, and Plastic), By Type (Blade Putter, Mallet Putter, Center Shafted Putter, and Counterbalanced Putter), By Length (Standard Putter, Belly Putter, and Long Putter), By Face Type (Insert and Milled), By Hosel Type (Single Bend, Plumber Neck, Double Bend, Short Slant Neck, Slant Neck, and Others), and Regional Forecast till 2032

The global golf putter market is expected to grow radically due to the growing number of golfers across the world and mounting recognition of golf-related sports activities. A golf putter is a club. It is used in the game of golf to make shorts, low-speed strokes aimed to roll the ball into the hole from a short distance. It plays a critical role in a golfer’s bag and accounts for a considerable share of short game.

• According to the Foreign Agricultural Service (FAS), approximately 340000 units of golf putter were imported in the U.S.

They are decisive in competitive performance. Putters are unique with respect to other clubs. They offer critical features such as shot accuracy and player comfort ability due to their weight distribution, design, and face insert materials.

Golf Putter Market Driver

Rising Golf Practice and Technological Advancement Boost Market Growth

The growing factor for market expansion is the rising number of people participating in gold sports. People are inclined towards this sport and find it a leisure activity, which is increasing the participation rate of the individual as a recreational or professional way. Thus, enhancing demand for the equipment is boosting market growth. Many famous professionals are endorsing the equipment which attracts a large consumer-base. In addition, success of many tournaments are impacting on the sale of products, and fueling market growth.

• According to the Directorate General of Foreign Trade (DGFT), about 410 golf training centers were using professional-grade putters in the EU.

Furthermore, growing innovation in design and utilization of material are providing innovative products, which is fostering market growth. Integration of several advanced features such as adjustable weights, precision milling, and improvement in grip technologies are bolstering demand for the product and catering to consumers’ requirements. In addition, the growing customization trend is fostering market growth. Many professionals are necessitating customization in this putter, which is encouraging manufacturers to produce customized products and expand their market presence.

Golf Putter Market Restraint

High Price Points and Market Saturation Impede Market Growth

The limiting aspect for market impediment is the expensiveness of the product. Manufacturing of the club is using high-end models and uses advanced features, which is resulting in high cost of finished goods. As a result, it is deterring many price-sensitive people from adopting the equipment.

Furthermore, the growing number of market players in this market is hampering market growth. These new entrants are producing novel equipment at lower prices, which is giving competition to the premium quality equipment. Hence, it is posing barriers for original products from expanding in the market. This saturation is leading to slow down the purchasing decision of customers, and hinders market growth.

Golf Putter Market Opportunity

Growing E-Commerce Platform and Expansion of Emerging Markets Create Opportunity for Market Growth

One of the significant opportunities for market growth is the development of e-commerce platforms. Rising adoption of online shopping platforms by various manufacturers are providing varieties of products. People are finding it an easy method to buy the goods by analyzing ranges of products and reviews of purchasers are boosting market expansion.

• According to the Ministry of Economy, Trade and Industry (METI), about 8200 online golf stores list putters in Asia.

Furthermore, the increasing number of emerging markets in developing regions is offering great options for market growth. Through this expansion the market players are expanding their presence in untapped regions, where there is growing awareness of gold participation is fostering market growth.

Segmentation

Key Insights

The report covers the following key insights:

• Rising Golf Partaking and Technical Advancements by Key Countries
• E-commerce Platforms Acceptance by Key Companies
• Drivers, Restraints, Trends, and Opportunities
• Business Strategies Adopted by Key Players
• Consolidated SWOT Analysis of Key Players
• Key Industry Developments (Mergers, Acquisitions, Partnerships)

Analysis by Material

Based on material, the golf putter market is divided into stainless steel, aluminum, carbon steel, and plastic.

The stainless steel segment is dominating in the market, driven by its reliable feel, resistance to deterioration, and durability as well as it is a relatively inexpensive option for making the tool.

The aluminum segment is projected to expand in this market attributable to its lightweight and easy handling quality. They are apt for golfers with a smooth putting stroke, boosting segment growth.

Analysis by Type

Based on type, the golf putter market is divided into blade putter, mallet putter, center shafted putter, and counterbalanced putter.

The blade putter segment is leading in the market, driven by its usual shape with small head and narrow, thin blade. It helps golfers with a straight-back-straight-through putting stroke.

The mallet putter type is projected to grow in the market, caused by its larger putter heads which offer more stability and forgiveness. It is an appropriate choice for golfers with a more arced stroke.

Analysis by Length

Based on length, the golf putter market is divided into standard putter, belly putter, and long putter.

The standard putter segment dominates in the market, driven by its extensive use by many golfers. It generally lies between 33 and 35 inches in length.

The belly putter segment is gaining traction in the market. This growth is due to its design, which is anchored to the belly of golfers. It aids in reducing wrist action and enhances consistency and is usually about 40-45 inches.

Analysis by Face Type

Based on face type, the golf putter market is divided into insert and milled.

The milled segment is leading in the market, driven by its widespread adoption by professional golfers’ due to their responsive feedback, durable construction, and solid feel. It has slight aggressive patterns that assist to prevent the ball from sliding and improves roll consistency and feedback.

The insert segment is anticipated to expand in the market owing to its offering such as sifter impact with the ball, and providing greater sense of forgiveness and a more consistent roll. It is highly used by amateur golfers and some PGA Tour players.

Analysis by Hosel Type

Based on hosel type, the golf putter market is divided into single bend, plumber neck, double bend, short slant neck, slant neck, and others.

The plumber neck segment is dominating in this market, caused by its conventional hosel along with moderate level of toe hang. It is appropriate for a variety of putting strokes. It offers a high offset and is extensively used by golfers of all skill levels.

The short slant neck is gaining traction in the market due to its feature which is significant to hang, promoting a more rotational swing path and a greater arc in the putting stroke. It is preferred by better players for a more seamless look.

Regional Analysis

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Based on geography, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America in this market is the dominating region, driven by strong golfing culture and an escalating number of golf courses. Increasing the spending salary of the population is boosting demand for the product. Presence of robust sport retail infrastructures offering a variety of the type is fueling market growth.

Europe is witnessing substantial growth in this market, caused by the existence of a rich golfing history which is encouraging to adopt the sport among populations. Presence of various golf tournaments are impelling demand for the tool. Moreover, growing interest in golf tourism and support by various organizations, contributing to market growth.

Asia Pacific is expected to be the fastest growing region in this market. It is due to swift urbanization of various emerging countries. Increasing earnings of middle-class people and embracing urban lifestyles is fostering demand for the product. In addition, introduction of new golf courses by sports organizations are propelling market growth.

Key Players Covered

The report includes the profiles of the following key players:

• Odyssey (U.S.)
• Callaway Golf Company (U.S.)
• TaylorMade Golf Company (U.S.)
• Bettinardi Golf (U.S.)
• PXG (U.S.)
• Maruman Golf (Japan)
• Ping (U.S.)
• Wilson Sporting Goods (U.S.)
• Mizuno Corporation (Japan)
• Cleveland Golf (U.S.)

Key Industry Developments

• In November 2021, TaylorMade Gold announced acquisition of Nassau Golf Co. Ltd. The aim of this acquisition is to form a third addition to its golf ball manufacturing facilities, alongside TM Golf Ball South Carolina and TM Golf Ball Taiwan.